LSE

Unique to the UK, these funds pool together money to invest from multiple investors.

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

A way of calculating compound returns on an investment or savings over a set period of time.

Investment funds that are often associated with riskier and shorter-term trading strategies.

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.

A trading venue operated by the Frankfurt Stock Exchange.

A startup valued at over £1 billion. They are rare, hence the name.